"We clearly demonstrated to Wells Fargo the depth and years of experience of our management team and our ability to seamlessly and quickly integrate facilities into our property-management infrastructure," said Christopher Marr, president and chief investment officer.

The managed assets can participate in the various U-Store-It revenue-enhancement programs including the company's national reservations center and U-Store-It's alliance with Two Men and a Truck.

U-Store-It owns or manages 487 facilities across the United States, and operates the U-Store-It Network, which consists of approximately 709 additional self-storage facilities.